Check out Chris Martinsens vid on the way the US GDP is calculated. It’s very misleading and inaccurate. As is the BLS calculation for unemployment. Might as well throw the CPI in there as well.
The discussion about money should center around wages and credit. These are how people have the ability to purchase things. If there’s downward pressure on wages and a contraction of credit, then you can bet that assets that require wages and credit will be experiencing downward pressure on their prices. In order to satisfy the demand part of the equation, buyers have to have the desire and the “ability” to purchase.
